Clearday, Inc.: auditor change — Clearday announces restatement of Q1 2023 10-Q; net loss increased $595,698

Clearday, Inc.

Board determined March 31, 2023 financials unreliable due to errors; will amend 10-Q.
Net loss from continuing ops increased by $595,698; total current liabilities up $447,470.
Accrued interest rose $423,329 from an obligation in default; other expense adjustments.
No executive claw-back triggered; measures implemented to prevent recurrence.
Independent auditor Turner Stone acknowledges and agrees with the disclosures.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Clearday, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On October 12, 2023, the Board of Directors (the “Board”) of Clearday, Inc. (the “Company”) concluded that the Company’s previously issued financial statements contained within its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 should no longer be relied upon due to errors in such financial statements. Therefore, restatements of such prior financial statements are required.

View on SEC.gov

Browse all auditor changes →

Source: SEC EDGAR

accession 0001493152-23-037501

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.